Importance Of Your Financial Attitude

Your financial attitude
plays an important role in deciding whether you are a winner or
loser in financial game. You need to assess your financial
attitude and then decide the steps required to overcome your
financial problems. There is no doubt that our finances play a
very important role in our lives. A person who deals with his
finances intelligently is always considered as a successful
person in life.

You must have come across a number of people who being in a
same job and having equal income are having totally different
life styles. One may be living happily and other might be facing
financial difficulties.
What can be the reason of this top notch problem? Yes it is a
problem of a grave nature because:

- Bankruptcy filing rates are at alarming stage.
- Financial problem is among the top five reasons couple
divorce.

When we talk of the financial problems faced by you, your
present attitude towards your financial matters dictates your
financial health. Like all other attitudes in daily life as
cautious, careful, careless or fearful etc. your financial
attitude also plays a very important role in your life.

Your Financial Attitude depends upon certain factors:

Your Personal And Parents Financial Background

The financial background will affect your financial behavior. If
you or your parents were having above average income then you
will not care much about your financial matters. If you
inherited lot of wealth (no hard work of course) you may possess
a very careless approach towards your financial matters..

Your Present Financial Status

How you worked and earned money? How much wealth you posses now?
Have all your need and wants fulfilled? Basing on your
investments do you have sufficient monthly income? If the
answers of the above questions are in YES then your whole
approach towards your financial matters will be different.

Your Knowledge and Training

Do you possess sufficient knowledge about your money matters?
Have you learnt the methods of earning money fast? Do you know
the importance of saving and practicing wise frugality? Have you
considered investing your extra wealth? If you are fairly
knowledgeable about these aspects of money your chances of
winning the financial game are very high.

Your Future Financial Goals

Of course the method to be successful in any aspect is to set
goals and then strive hard to attain those goals. Have you set
any financial goals for yourself? Have you decided upon any
definit`

e plan and time period to achieve your goals? Answers to
the above questions will tell you how much positive attitude you
possess towards your finances.

Can You Improve Upon Your Finances?

Luckily the answer is a big YES. Anybody can improve upon his
financial health. All you need is a little bit of inspiration,
motivation and fair amount of accurate financial knowledge. This
financial knowledge does not at all means having masters' degree
in finances or like. You just have to have a definite financial
plan suiting your income and your goals. You definitely are
earning right now, whether less or more. You can surely achieve
financial stability only if you manage your present earning
wisely and judiciously.

"The gap in our economy is between what we have and what we
think we ought to have- and that is a moral problem, not an
economic one". ~Paul Heyne

Depending upon the factors which we discussed earlier you should
first decide upon your financial attitude. You should decide
whether you need to earn more, save a little bit of extra or to
judiciously invest your saved wealth.

After you have carefully decided then try to master the three
most important dimensions of your finances which are Earn, Save
and Invest. You surely will be on the way to achieve financial
stability.